Iran-Indonesia joint economic committee operational after 5-year halt

Business Materials 23 May 2015 15:40 (UTC +04:00)

Tehran, Iran, May 23

By Mehdi Sepahvand - Trend:

Iran is hosting the 11th session of its joint economic committee with Indonesia.

The committee had been non-operational since 2010, Fars news agency reported May 23.

In the meeting, Indonesia's ministers of economy and energy, as well as the country's central bank representative and private section representatives met with an Iranian team headed by ITC Minister Mahmoud Vaezi.

Since 2010, Iran-Indonesia trade lowered from $2 billion to $450 million, Vaezi said.

He stated that trade in paper, rubber, and chemical substances will benefit both countries.

"We can also have cooperation in exporting engineering, oil refinery, road construction, and power plant construction services," he pointed out.

The Iranian ICT minister also invited his Indonesian counterpart to Tehran.

He also pointed to scientific, technical, and scholarly relations between the two countries and said that it is necessary for Iran and Indonesia to launch specialist committees on investment and banking, infrastructures, and trade.


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